Michigan State faces lawsuits by more than 100 women, alleging that the university allowed Nassar's abuse to persist despite victims' complaints. The suits are one of the major factors prompting the Moody's review. The school is seeking to have those lawsuits dismissed. Lou Anna Simon resigned as school president last week.

Moody's, which announced the review of the school on Monday, says it also will determine if the scandal will dampen donations to the school or lead to a decline in applicants. Moody's said it will monitor ongoing investigations of the school by Congress, the Michigan state legislature, the U.S. Department of Education, and the NCAA.